O'Reilly Auto Parts 2013 Annual Report Download - page 62

FORM 10-K
56
 /HYHO°4XRWHGSULFHVXQDGMXVWHGLQDFWLYHPDUNHWVIRULGHQWLFDODVVHWVRUOLDELOLWLHVWKDWWKHUHSRUWLQJHQWLW\FDQDFFHVVDW
WKHPHDVXUHPHQWdate.
 /HYHO°,QSXWVRWKHUWKDQTXRWHGSULFHVLQFOXGHGZLWKLQ/HYHOWKDWDUHREVHUYDEOHIRUWKHDVVHWRUliabilityHLWKHUGLUHFWO\RU
indirectly.
 /HYHO°8QREVHUYDEOHLQSXWVIRUWKHDVVHWRUliability.
Non-financial assets and liabilities measured at fair value on a nonrecurring basis:
&HUWDLQORQJOLYHGQRQILQDQFLDODVVHWVDQGOLDELOLWLHVPD\EHUHTXLUHGWREHPHDVXUHGDWIDLUYDOXHRQDQRQUHFXUULQJEDVLVLQFHUWDLQ
FLUFXPVWDQFHVLQFOXGLQJZKHQWKHUHLVHYLGHQFHRILPSDLUPHQW7KHVHQRQILQDQFLDODVVHWVDQGOLDELOLWLHVPD\LQFOXGHDVVHWVDFTXLUHG
LQDEXVLQHVVFRPELQDWLRQRUSURSHUW\DQGHTXLSPHQWWKDWDUHGHWHUPLQHGWREHLPSDLUHG$VRI'HFHPEHUDQGWKH&RPSDQ\
GLGQRWKDYHDQ\QRQILQDQFLDODVVHWVRUOLDELOLWLHVWKDWKDGEHHQPHDVXUHGDWIDLUYDOXHVXEVHTXHQWWRLQLWLDOrecognition.
Fair value of financial instruments:
7KH FDUU\LQJ DPRXQWV RI WKH Company’V VHQLRU QRWHV DUH LQFOXGHG LQ ²/RQJWHUP GHEW OHVV FXUUHQW SRUWLRQ³ RQ WKH DFFRPSDQ\LQJ
&RQVROLGDWHG%DODQFH6KHHWVDVRI'HFHPEHUDQG
7KHWDEOHEHORZLGHQWLILHVWKHHVWLPDWHGIDLUYDOXHRIWKHCompany’VVHQLRUQRWHVXVLQJWKHPDUNHWDSSURDFK7KHIDLUYDOXHDVRI
'HFHPEHUDQGZDVGHWHUPLQHGE\UHIHUHQFHWRTXRWHGPDUNHWSULFHVRIWKHVDPHRUVLPLODULQVWUXPHQWV/HYHOLQ
thousands):
December 31, 2013 'HFHPEHU
Carrying
Amount
Estimated Fair
Value
&DUU\LQJ
Amount
(VWLPDWHG)DLU
Value
6HQLRU1RWHVGXH $ 497,525 $ 524,434 $ 497,173 $ 559,870
6HQLRU1RWHVGXH $ 299,598 $ 310,141 $ 299,545 $ 331,224
6HQLRU1RWHVGXH $ 299,011 $ 290,453 $ 298,916 $ 313,890
6HQLRU1RWHVGXH $ 299,976 $ 289,362 $—$—
7KHDFFRPSDQ\LQJ &RQVROLGDWHG%DODQFH 6KHHWV LQFOXGHRWKHU ILQDQFLDOLQVWUXPHQWV LQFOXGLQJ FDVK DQG FDVKHTXLYDOHQWV DFFRXQWV
UHFHLYDEOHDPRXQWVUHFHLYDEOHIURPYHQGRUVDQGDFFRXQWVSD\DEOH'XHWRWKHVKRUWWHUPQDWXUHRIWKHVHILQDQFLDOLQVWUXPHQWVWKH
&RPSDQ\EHOLHYHVWKDWWKHFDUU\LQJYDOXHVRIWKHVHLQVWUXPHQWVDSSUR[LPDWHWKHLUIDLUvalues.
NOTE 3 – PROPERTY AND EQUIPMENT
7KHIROORZLQJWDEOHLGHQWLILHVWKHW\SHVRISURSHUW\DQGHTXLSPHQWLQFOXGHGLQWKHDFFRPSDQ\LQJFRQVROLGDWHGILQDQFLDOVWDWHPHQWVDVRI
'HFHPEHUDQGLQWKRXVDQGVH[FHSWXVHIXOlives):
2ULJLQDO8VHIXO/LYHV December 31, 2013 'HFHPEHU
Land $ 457,858 $ 420,292
%XLOGLQJVDQGEXLOGLQJLPSURYHPHQWV °\HDUV 1,197,369 1,078,265
/HDVHKROGLPSURYHPHQWV °\HDUV 483,578 447,046
)XUQLWXUHIL[WXUHVDQGHTXLSPHQW °\HDUV 960,928 932,406
Vehicles °\HDUV 251,505 231,615
&RQVWUXFWLRQLQSURJUHVV 255,599 159,946
7RWDOSURSHUW\DQGHTXLSPHQW 3,606,837 3,269,570
/HVVDFFXPXODWHGGHSUHFLDWLRQDQGDPRUWL]DWLRQ 1,181,734 1,057,980
1HWSURSHUW\DQGHTXLSPHQW $ 2,425,103 $ 2,211,590
7KHFRQWUDFWXDOWHUPVRIDOORULJLQDODQGDPHQGHGYHKLFOHFDSLWDOOHDVHDJUHHPHQWVH[SLUHGLQWKHIRXUWKTXDUWHURI7KHYHKLFOHV
XQGHUWKHVHH[SLUHGFDSLWDO OHDVH DJUHHPHQWVZHUHHLWKHU GLVSRVHG SXUFKDVHGE\WKH &RPSDQ\ RUUHPDLQXQGHU VKRUWWHUP PRQWKO\
DJUHHPHQWVZLWKWKHRULJLQDOlessor7KHJURVVYDOXHRIFDSLWDOOHDVHDVVHWVLQFOXGHGLQWKH“VHKLFOHV³DPRXQWVRIWKHDERYHWDEOHZDV
$millionDQG$millionDW'HFHPEHUDQGrespectively$VRI'HFHPEHUDQGWKH&RPSDQ\UHFRUGHG
DFFXPXODWHGDPRUWL]DWLRQRQWKHVHFDSLWDOOHDVHDVVHWVLQWKHDPRXQWVRI$millionDQG$millionrespectivelyDOORIZKLFKZDV
LQFOXGHGLQ²DFFXPXODWHGGHSUHFLDWLRQDQGDPRUWL]DWLRQ³LQWKHDERYHtable.